Over the last three years, Ethereum has added about 20 million addresses holding a non-zero balance per year. Back of the fag box calculation thus implies that, with only around 7.5 million to go, the 100 million address mark will probably be hit sometime in Q2 2023.

This will undoubtedly be big news. Cryptocurrency markets are notoriously fickle when it comes to responding to market narratives. Traders shouldn’t be too surprised to see ETH get a boost in the run-up/immediate aftermath of the 100 million non-zero address mark getting hit amid all the hype and positive press the accomplishment will likely attract.